MARY GREELEY MEDICAL CENTER FOUNDATION

EIN: 237064009 501(c)(3) Health Care

AMES, IA

Total Revenue
$5,265,973
Total Expenses
$3,285,081
Total Assets
$19,514,483
Net Assets
$18,935,543
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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
IA
Principal Officer
MELISSA MCGARRY
Phone
5152392147
Tax Period
2024-07-01 to 2025-06-30

MARY GREELEY MEDICAL CENTER FOUNDATION, founded in 1969, is a community nonprofit in the Health Care sector that reported $5.3M in total revenue in fiscal year 2024. Revenue surged 78% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 38% operating margin.

Mission

TO SUPPORT THE MISSION OF MARY GREELEY MEDICAL CENTER THROUGH PHILANTHROPY AND ENGAGEMENT.

Program Service Accomplishments

Program 1
Expenses: $2,758,059

SUPPORT TO MARY GREELEY MEDICAL CENTER (MEDICAL CENTER): PRIVATE GIFT SUPPORT THROUGH THE MARY GREELEY MEDICAL CENTER FOUNDATION (FOUNDATION) PLAYS AN IMPORTANT ROLE IN THE MISSION OF THE MEDICAL...

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SUPPORT TO MARY GREELEY MEDICAL CENTER (MEDICAL CENTER): PRIVATE GIFT SUPPORT THROUGH THE MARY GREELEY MEDICAL CENTER FOUNDATION (FOUNDATION) PLAYS AN IMPORTANT ROLE IN THE MISSION OF THE MEDICAL CENTER THROUGH FUNDING OF VITAL PROJECTS, PROGRAMS AND SERVICES. THE FOUNDATION FUNDED MAJOR PROGRAMS IN 2024 INCLUDING HOSPICE, THE WILLIAM R BLISS CANCER CENTER, WORKFORCE DEVELOPMENT INCLUDING INTERNSHIP PROGRAMS, AND THE DIABETES AND NUTRITION EDUCATION CENTER. EDUCATIONAL PROGRAMS INCLUDE STAFF AND PHYSICIAN TRAINING, SPECIALTY CERTIFICATIONS AND PUBLIC EDUCATIONAL PROGRAMS.

Program 2
Expenses: $13,228

EMPLOYEE SUPPORT:THE MARY GREELEY MEDICAL CENTER FOUNDATION PROVIDED SUPPORT TO 14 MARY GREELEY MEDICAL CENTER (MEDICAL CENTER) EMPLOYEES IN 2024 IN TIMES OF EMERGENCY. MEDICAL CENTER EMPLOYEES...

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EMPLOYEE SUPPORT:THE MARY GREELEY MEDICAL CENTER FOUNDATION PROVIDED SUPPORT TO 14 MARY GREELEY MEDICAL CENTER (MEDICAL CENTER) EMPLOYEES IN 2024 IN TIMES OF EMERGENCY. MEDICAL CENTER EMPLOYEES RECEIVED ASSISTANCE WITH EXPENSES SUCH AS UTILITY BILLS, MEDICAL BILLS, CAR PAYMENTS, CAR REPAIRS, MEDICAL DEVICES, MORTGATE AND RENT PAYMENTS.

Program 3
Expenses: $6,000

SCHOLARSHIP SUPPORT:IN 2024, 4 MARY GREELEY MEDICAL CENTER (MEDICAL CENTER) EMPLOYEES AND AREA STUDENTS RECEIVED SCHOLARSHIP SUPPORT. SCHOLARSHIPS WERE FOR STUDENTS PURSUING NURSING DEGREES, ADVANCED...

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SCHOLARSHIP SUPPORT:IN 2024, 4 MARY GREELEY MEDICAL CENTER (MEDICAL CENTER) EMPLOYEES AND AREA STUDENTS RECEIVED SCHOLARSHIP SUPPORT. SCHOLARSHIPS WERE FOR STUDENTS PURSUING NURSING DEGREES, ADVANCED DEGREES AND OTHER MEDICAL-RELATED DEGREES. THESE SCHOLARSHIPS SUPPPORT THE EDUCATION OF CURRENT AND FUTURE HEALTH CARE PROFESSIONALS, WHILE ALSO HONORING INDIVIDUALS FOR SIGNIFICANT CONTRIBUTIONS TO HEALTH CARE AND THE MEDICAL CENTER. THESE SCHOLARSHIPS ARE TYPICALLY FUNDED THROUGH UNAFFILIATED FUNDS THAT ARE NOT REPORTED AS PART OF MARY GREELEY MEDICAL CENTER FOUNDATION'S (FOUNDATION) AUDITED FINANCIALS. HOWEVER, THE FOUNDATION PAID $6,000 DIRECTLY TO THE EDUCATIONAL INSTITUTIONS ON BEHALF OF RECIPIENTS IN FY25.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,030,764
Program Service Revenue $0
Investment Income $3,258,407
Other Revenue $-23,198
TOTAL REVENUE $5,265,973

Expense Breakdown

Grants Paid $2,777,287
Salaries & Benefits $396,200
Fundraising Expenses $302,466
Program Expenses $2,777,287
Other Expenses $111,594
TOTAL EXPENSES $3,285,081

Year-over-Year Comparison

2024 2023 Change
Revenue $5,265,973 $2,951,403 +0.8%
Expenses $3,285,081 $2,828,849 +0.2%
Net Income $1,980,892 $122,554 +15.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
16

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$237,807
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER BUCK BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN DIETER MGMC PRESIDENT & CEO 1.00
Director
$0 $0 $0
AL HERMANSON BOARD MEMBER 1.00
Director
$0 $0 $0
LYMAN HOPKINS BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTINE HUNZIKER BOARD MEMBER 1.00
Director
$0 $0 $0
KIMBERLY L IAMS BOARD MEMBER 1.00
Director
$0 $0 $0
JANE L JACKSON BOARD MEMBER 1.00
Director
$0 $0 $0
ALECIA JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
NEAL T LOES BOARD MEMBER 1.00
Director
$0 $0 $0
KENNETH MCCUSKEY MGMC CHAIR 1.00
Director
$0 $0 $0
ANN M MURRAY SECRETARY 1.00
Officer Director
$0 $0 $0
JENN PLAGMAN-GALVIN BOARD MEMBER 1.00
Director
$0 $0 $0
MELISSA M ROWAN CHAIR 1.00
Officer Director
$0 $0 $0
AMY A SCHMIDT VICE CHAIR 1.00
Officer Director
$0 $0 $0
CHAD STONE TREASURER 1.00
Officer Director
$0 $0 $0
MELISSA MCGARRY EXECUTIVE DIRECTOR 30.00
Officer
$192,011 $45,796 $237,807
GARY BOTINE MGMC VICE PRESIDENT & CFO 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $5,265,973 $3,285,081 $19,514,483 $1,980,892
2024 $2,951,403 $2,828,849 $18,307,074 $122,554
2023 $3,281,624 $2,470,129 $16,933,582 $811,495
2022 $2,858,206 $3,150,755 $15,579,768 $-292,549
2021 $2,728,477 $1,995,288 $18,967,302 $733,189
2020 $3,825,964 $1,832,752 $14,807,481 $1,993,212
2019 $2,043,654 $1,721,027 $14,607,395 $322,627
2018 $2,012,618 $1,596,066 $13,848,692 $416,552
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